Frederick MD | Epic Housing Shortage Being Reported

Frederick MD Local Market Tidbits:

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From an activity point of view, these neighborhood in Frederick are the most active: 

- Fort Detrick

- Wormans Mill

- Ballenger Creek Center

- Clover Ridge (Hill) 

- Monocacy (Park, Crossing, Mile) 

- Taskers Chance

- Hillcrest orchards

- Monarch Ridge

- Holly Ridge

- Manors At Ballenger

- Spring Ridge

- Brunswick & Brunswick Crossing

Today I want to talk to you about Epic Housing Shortage Being Reported

The Joint Center of Housing Studies (JCHS) at Harvard University recently released their 2017 State of the Nation’s Housing Study, and a recent blog from JCHS revealed some of the more surprising aspects of the study.

The first two revelations centered around the shortage of housing inventory currently available in both existing homes and new construction.

Regarding Existing Home Inventory:

“For the fourth year in a row, the inventory of homes for sale across the US not only failed to recover, but dropped yet again. At the end of 2016 there were historically low 1.65 million homes for sale nationwide, which at the current sales rate was just 3.6 months of supply – almost half of the 6.0 months level that is considered a balanced market.”

READ MORE: http://www.reallynicehomes.com/blog/frederick-md-epic-housing-shortage-being-reported/


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